Content about Channel Insights - Newsletter

April 17, 2014

William Blair & Company analyst Mark Miller has followed Walmart for a long time, but he didn’t have much good to say about the company when he issued a downgrade this week.

William Blair & Company analyst Mark Miller has followed Walmart for a long time, but he didn’t have much good to say about the company when he issued a downgrade this week.

Miller lowered his rating on Walmart to underperform from market perform and cited some familiar and unfamiliar concerns. For example, one of his main concerns related to Walmart’s size and complexity which he contends reduces dynamism and growth.

April 17, 2014

A $1 million donation from Walmart CEO Doug McMillion and his wife Shelley to the University of Arkansas will help kick start the creation of a new School of Global Retail Operations and Innovation.

A $1 million donation from Walmart CEO Doug McMillion and his wife Shelley to the University of Arkansas will help kick start the creation of a new School of Global Retail Operations and Innovation.

April 17, 2014

Rosemary Ricketts and Steve Bohman, retail executives with extensive mass market experience, have joined upscale brand Vera Bradley in key roles.

Rosemary Ricketts and Steve Bohman, retail executives with extensive mass market experience, have joined upscale brand Vera Bradley in key roles.

Ricketts was named vp of merchandising and Bohman was named vp of global production at the leading designer of women's handbags and accessories, luggage and travel items, eyewear, stationery and gifts.

April 17, 2014

DSW has appointed former Shopko executive Mary Meixelsperger as CFO, effective May 1. Meixelsperger replaces Douglas Probst, who is retiring from DSW on the same day.

DSW has appointed former Shopko executive Mary Meixelsperger as CFO, effective May 1. Meixelsperger replaces Douglas Probst, who is retiring from DSW on the same day.

"We are pleased that Mary is joining the DSW team," said president and CEO Michael MacDonald. "Mary is a seasoned executive with a breadth of experiences in merger integration, strategic systems planning and implementation, financial analysis and tax planning. With her leadership, we will position DSW for continued growth and progress towards our strategic goals."

April 17, 2014

Urban Outfitters has named Trish Donnelly as president of Urban Outfitters brand, North America reporting directly to Ted Marlow, CEO, Urban Outfitters Group, effective July 14.

Urban Outfitters has named Trish Donnelly as president of Urban Outfitters brand, North America reporting directly to Ted Marlow, CEO, Urban Outfitters Group, effective July 14.

April 17, 2014

A new low cost money wiring service from Walmart saves customers money and showcases the thought process the company applies to disrupt high margin businesses and generate store traffic.

A new low cost money wiring service from Walmart saves customers money and showcases the thought process the company applies to disrupt high margin businesses and generate store traffic.

The new service is called Walmart-2-Walmart and when it launches on April 24 customers will be able to wire up to $900 for only $9.50. between Walmart’s 4,000 U.S. locations. The service is intended to complement Walmart’s existing relationship with MoneyGram which offers a broader range of financial services including international transfers.

April 16, 2014

Macy’s is preparing to bring back its American Icons campaign in May. Now in its second year, the initiative will kick off with a variety of family events inspired by America’s favorite pastimes, designer fashions, all-star talent and a give-back program to benefit those who have served the country.

Macy’s is preparing to bring back its American Icons campaign in May. Now in its second year, the initiative will kick off with a variety of family events inspired by America’s favorite pastimes, designer fashions, all-star talent and a give-back program to benefit those who have served the country.

April 15, 2014

Bauer Performance Sports, a leading designer and manufacturer of high performance sports equipment and apparel, has completed the acquisition of the Easton Baseball/Softball business from Easton-Bell Sports.

Bauer Performance Sports, a leading designer and manufacturer of high performance sports equipment and apparel, has completed the acquisition of the Easton Baseball/Softball business from Easton-Bell Sports.

Under the terms of the asset purchase agreement, BPS acquired Easton Baseball/Softball for a total all-cash consideration valued at $330 million, plus a working capital adjustment and fees. BPS expects the acquisition to be accretive to adjusted earnings per share in the first year of ownership.

April 15, 2014

Pep Boys is looking to accelerate a range of digital and physical offerings as part of a strategy called, “Road Ahead,” after the omnichannel efforts resulted in 152% growth.

Pep Boys is looking to accelerate a range of digital and physical offerings as part of a strategy called, “Road Ahead,” after the omnichannel efforts resulted in 152% growth.

Pep Boys operates 800 locations in 35 states with 7,500 service bays which differentiates the company from parts-only players such as AutoZone and Advance Auto Parts who perform basic services in their parking lots such as changing batteries or wiper blades.

April 15, 2014

Sam’s Club worked with SquareTrade, a leading protection plan provider, to launch a new program that expands members’ technology and electronics services and support, and helps reduce the cost of owning the latest technology.

Sam’s Club worked with SquareTrade, a leading protection plan provider, to launch a new program that expands members’ technology and electronics services and support, and helps reduce the cost of owning the latest technology.

From smartphones and tablets to cameras and televisions, Sam’s Club membership now includes exclusive warranty services available in clubs and at SamsClub.com that aim to simplify the technology purchasing, protection and upgrade experience.

April 14, 2014

Levi Strauss & Co. has named former Walmart executive Marc Rosen as EVP and president of global e-commerce, effective May 5. Rosen will report to president and CEO Chip Bergh.

Levi Strauss & Co. has named former Walmart executive Marc Rosen as EVP and president of global e-commerce, effective May 5. Rosen will report to president and CEO Chip Bergh.

April 14, 2014

To help customers save water and grow its sales in the process Home Depot will execute a massive customer education initiative later this month.

To help customers save water and grow its sales in the process Home Depot will execute a massive customer education initiative later this month.

Home Depot regularly holds in store clinics to arm customers with knowledge to tackle home improvement project and its newest initiative applies that thought process to a less familiar merchandise classification. On Saturday, April 26, every one of Home Depot’s 1,977 U.S. stores will host an hour and a half long “Water Conservation Workshop,” in which 10 home improvement projects will be covered.

April 11, 2014

L'Oréal Paris has added celebrity hair colorist Kari Hill to its roster of experts, the beauty brand announced.

L'Oréal Paris has added celebrity hair colorist Kari Hill to its roster of experts, the beauty brand announced.

With more than 15 years of experience coloring some of the most well-known manes in Hollywood, Hill’s artistic perspective lends to her mastery of varied hair coloring techniques. She will join L'Oréal Paris global consulting colorist Christophe Robin in lending her insights and expertise to trend forecasting, product development, content creation and consumer education for the brand.

April 11, 2014

In recognition of its support of national defense and the uniformed service community Safeway received the Military Officers Association of America’s highest honor.

In recognition of its support of national defense and the uniformed service community Safeway received the Military Officers Association of America’s highest honor.

Safeway was presented with the organization’s Distinguished Service Award at an event in Washington, D.C., in recognition of its outstanding support as an employer of Guard and Reserve members and veterans. The Military Officers Association of America (MOAA) ’s highest honor. MOAA was founded in 1929 and has 380,000 members.

April 10, 2014

Dole is bolstering its chopped salad line with two new All Natural Chopped Salad Kits. Dole All Natural Chopped Sunflower Crunch Salad Kit and Dole All Natural Chopped Sesame Asian Salad Kit are available at supermarkets across the country.

Dole is bolstering its chopped salad line with two new All Natural Chopped Salad Kits. Dole All Natural Chopped Sunflower Crunch Salad Kit and Dole All Natural Chopped Sesame Asian Salad Kit are available at supermarkets across the country.

April 10, 2014

Sam’s Club is breaking new ground in the world of health screenings this weekend with the company’s first ever oral health screening.

Sam’s Club is breaking new ground in the world of health screenings this weekend with the company’s first ever oral health screening.

To reinforce the basics of a good oral routine and general wellness, Sam’s Club is hosting free oral care and vital health screenings on Saturday, April 12 from 11 a.m. to 3 p.m. at its 589 clubs which contain a pharmacy. The event features tests valued at up to $100 including a dental tablet test for plaque and tests for glucose levels, total cholesterol, blood pressure, body mass index and vision.

April 10, 2014

Stein Mart said that its March sales were unfavorably impacted by the shift of pre-Easter selling from March to April this year, as well as cooler-than-normal temperatures in many parts of the country early in the month.

Stein Mart said that its March sales were unfavorably impacted by the shift of pre-Easter selling from March to April this year, as well as cooler-than-normal temperatures in many parts of the country early in the month.

Stein Mart’s total sales for the five-week period ended April 5 were $136.3 million, compared to total sales of $135.4 million for the prior-year period. Comparable store sales increased 0.9%.

April 10, 2014

The Wild Oats brand will begin appearing on Walmart shelves this month as the retailer plans to offer 100 low priced organic dry grocery items.

The Wild Oats brand will begin appearing on Walmart shelves this month as the retailer plans to offer 100 low priced organic dry grocery items.

April 10, 2014

Whole Foods Market might as well declare bankruptcy now judging from widespread media coverage of Walmart’s decision to sell roughly 100 organic dry grocery items under the Wild Oats brand.

Whole Foods Market might as well declare bankruptcy now judging from widespread media coverage of Walmart’s decision to sell roughly 100 organic dry grocery items under the Wild Oats brand.

April 10, 2014

Pier 1 Imports president and CEO Alex W. Smith described fiscal 2014 as a transformational year for the company, emphasizing the company’s continued focus on its ‘1 Pier 1’ strategy, which has evolved its operating model from a broad portfolio of stores to a true omnichannel retail business.

Pier 1 Imports president and CEO Alex W. Smith described fiscal 2014 as a transformational year for the company, emphasizing the company’s continued focus on its ‘1 Pier 1’ strategy, which has evolved its operating model from a broad portfolio of stores to a true omnichannel retail business.

But the company had a difficult fourth quarter marked what it described as an unusually high number of snowstorms, which impacted approximately two-thirds of its selling days in many of its key markets.

April 9, 2014

Sales and profits were as bad as Bed Bath & Beyond initially feared due to extensive weather related store closures during the company's fourth quarter ended March 1.

Sales and profits were as bad as Bed Bath & Beyond initially feared due to extensive weather related store closures during the company's fourth quarter ended March 1.

The company said sales during its 13 week fourth quarter declined 5.8% to $3.2 billion while same store sales advanced 1.7%. Profits during the 13 week period declined to $333 million, or $1.60 a share, compared to the 14 week period the prior year when profits totaled $374 million, or $1.68 per share.

April 9, 2014

Guess? has appointed Joseph Gromek to its board, increasing the number of directors to seven and bringing the total number of independent directors to five. Gromek will also serve on the compensation and nominating and governance committees of the board.

Guess? has appointed Joseph Gromek to its board, increasing the number of directors to seven and bringing the total number of independent directors to five. Gromek will also serve on the compensation and nominating and governance committees of the board.

April 9, 2014

Ready Pac Foods has hired Peter Laport as the company’s SVP, chief supply chain officer.

Ready Pac Foods has hired Peter Laport as the company’s SVP, chief supply chain officer.  

"After working with Peter for many years at Nestlé, I knew that he was the perfect fit for Ready Pac," said CEO Tony Sarsam. "Peter has worldwide experience in supply chain and manufacturing that will aid tremendously in cultivating profitable business processes within operations. I am delighted to work with him again and excited that he is joining our innovative team."

April 9, 2014

Sports Authority opened two locations in Puerto Rico — on in San Juan and the other in Carolina — early this week, bringing the total number of stores on the island to three. The stores are located in the Plaza Las Américas and Plaza Carolina shopping centers, respectively.

Sports Authority opened two locations in Puerto Rico — on in San Juan and the other in Carolina — early this week, bringing the total number of stores on the island to three. The stores are located in the Plaza Las Américas and Plaza Carolina shopping centers, respectively.

According to the company, both locations are equipped with improved store designs for effortless navigation and offer extensive product selections. The stores will feature specialty sport shops with products from brands including Nike, Under Armour, Puma, Adidas and Columbia.

April 9, 2014

First it was signage and then came the freezer case and parking lots. Now Walmart and GE are moving forward with their biggest lighting initiative to date.

First it was signage and then came the freezer case and parking lots. Now Walmart and GE are moving forward with their biggest lighting initiative to date.

The companies announced plans to use GE LED lights in ceiling fixtures in hundreds of stores throughout the U.S., Asia, Latin Amerian and the United Kingdom. The new fixtures use 40% less energy than traditional overhead lighting systems and move Walmart forward on its goal of reducing energy required to power its buildings globally by 20% by 2020. It is Walmart’s largest purchase of GE LED lighting to date.